Common use of TAX AND OPERATING EXPENSE ESCALATIONS Clause in Contracts

TAX AND OPERATING EXPENSE ESCALATIONS. Section 4.01 The Landlord and the Tenant agree that in addition to the annual Base Rent provided for in the preceding paragraphs of this Lease, Additional Rent shall be payable, consisting of Real Estate Tax escalations and direct Operating Expense escalations as those terms are hereinafter defined. Tenant shall pay (i) its pro-rata share, ninety- eight percent (98 %), of Operating Expense escalations (“Tenant’s Expense Share”) and (ii) its pro-rata share, ninety- eight percent (98%) of Real Estate Tax escalation (“Tenant’s Tax Share”). Landlord and Tenant accept such pro- rate share calculations as final and binding upon the parties throughout the term of this Lease.

TAX AND OPERATING EXPENSE ESCALATIONS. Section 4.01 The Landlord and the Tenant agree that in addition to the annual Base Rent provided for in the preceding paragraphs of this Lease, Additional Rent shall be payable, consisting of Real Estate Tax escalations and direct Operating Expense escalations esq1lations as those terms are hereinafter defined. Tenant shall pay (i) its pro-rata share, ninety- eight five and four tenths percent (98 95.4 %), of Operating Expense escalations (“"Tenant’s 's Expense Share”") and (ii) its pro-rata share, ninety- eight five and four tenths percent (9895.4 %) of Real Estate Tax escalation (“"Tenant’s 's Tax Share”"). Landlord and Tenant accept such pro- rate share calculations as final and binding upon the parties throughout the term te1m of this Lease.